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    • News

    Africa Health Firms Gain Backing from IFC, Gates Foundation

    By Ma. Rizza Leonzon // 08 June 2009

    The International Finance Corp., Bill & Melinda Gates Foundation and other partners will jointly establish a private equity fund, which will support small- and medium-sized private health firms in sub-Saharan Africa. The fund, which is administered by Aureos Capital, has so far mobilized $57 million and is looking at increasing its resources to as much as $120 million within a year. According to

    , the African Development Bank and Deutsche Investitions-und Entwicklungsgesellschaft will also contribute to the fund.

    • Funding
    Printing articles to share with others is a breach of our terms and conditions and copyright policy. Please use the sharing options on the left side of the article. Devex Pro members may share up to 10 articles per month using the Pro share tool ( ).

    About the author

    • Ma. Rizza Leonzon

      Ma. Rizza Leonzon

      As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.

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